Might the Padres make it 2 for 2 in multiyear deals for July 31 trade candidates?

On the heels of slugger Carlos Quentin's extension Sunday, the Padres continue talking with closer Huston Street. Discussions with Street remain in the early phases and it is too soon to gauge how they will play out, sources with knowledge of the talks told CBSSports.com on Sunday.

Street, acquired from the Rockies in December, earned his 16th save in San Diego's 3-2 win over Colorado on Sunday. He is 2-0 with 16 saves and an 0.95 ERA in 30 appearances.

Earlier Sunday, the Padres announced a three-year extension for Quentin that colleague Jon Heyman reported to be worth $27 million with a mutual option that could bring the package to $30 million.

One of the keys to that deal and the ongoing talks with Street is that general manager Josh Byrnes, in conducting the daily business of the season, received the green light from the Padres' muddled ownership situation to proceed with the deals. Outgoing owner John Moores is in the process of selling the club in a painstaking process that has been close to completion for weeks now.

The initial hope was that the Padres' sale would be completed by the All-Star break so that Byrnes and Co. would have a clear direction as they maneuver through the trade deadline season with an eye on 2013. Though the sale is not finished, it appears as if it will not paralyze the Padres.

Street's deal includes a $9 million mutual option for 2013 with a $500,000 buyout. The cheap buyout lessens the urgency for the Padres to trade him if they do not complete an extension between now and July 31.